Chinese EV battery maker Farasis
About Farasis
Farasis Energy, Inc. created in California in 2002 is a company specialized in the conception and distribution of batteries. Present in China (headquarters), in the Silicon Valley (R&D center), and in Europe, the Group is one of the world leaders in his sector. Farasis’ ambition is to position itself as a pivot to better meet the challenges of its industrial clients: saving time to market and the costs of production while maintaining a high level of reliability and safety.
Their website is really a crap
Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO
BEIJING/HONG KONG (Reuters) – Daimler AG (DAIGn.DE) plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
BEIJING — Chinese electric vehicle battery maker Farasis Energy has received regulatory approval to raise about 3.4 billion yuan ($479 million) in an initial public offering on China’s Nasdaq-like STAR board, according to a statement by the Shanghai Stock Exchange. Farasis, which said last year that it planned a public stock offering, is expected to be valued at around 30 billion yuan after the IPO, said two sources with direct knowledge of the matter. Farasis, whose main products are nickel-cobalt-manganese batteries for electric vehicles, aimed to list shares in the second quarter, sources added, declining to be named as they… Read more »